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Earnings per Common Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted A reconciliation of the numerators and denominators of the basic and diluted EPS calculations follows.
Three Months Ended 
 June 30,		Six Months Ended 
 June 30,

(Dollars in thousands, except per share data)		2024202320242023
Numerator:
Net income$251,993 $265,065 $541,924 $383,583 
Preferred stock dividends4,628 4,274 9,281 8,337 
Net income attributable to SLM Corporation common stock$247,365 $260,791 $532,643 $375,246 
Denominator:
Weighted average shares used to compute basic EPS218,924 235,061 219,670 238,261 
Effect of dilutive securities:
Dilutive effect of stock options, restricted stock, restricted stock units, performance stock units, and Employee Stock Purchase Plan (“ESPP”) (1)(2)
3,543 2,531 3,486 2,293 
Weighted average shares used to compute diluted EPS222,467 237,592 223,156 240,554 
Basic earnings per common share $1.13 $1.11 $2.42 $1.57 
Diluted earnings per common share$1.11 $1.10 $2.39 $1.56 


            
(1)     Includes the potential dilutive effect of additional common shares that are issuable upon exercise of outstanding stock options, restricted stock, restricted stock units, performance stock units, and the outstanding commitment to issue shares under the ESPP, determined by the treasury stock method.
(2)      For the three months ended June 30, 2024 and 2023, securities covering approximately less than 1 million shares and 1 million shares, respectively, and for the six months ended June 30, 2024 and 2023, securities covering approximately less than 1 million shares and 1 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive.